Which of the following will not cause an increase in the present value of a sequence of payments?
A) a reduction in the current interest rate
B) a reduction in expected future interest rates
C) an increase in a future expected payment
D) none of the above
D
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Growth in labor productivity in the economy as a whole has been ________ labor productivity in health care
A) slightly faster than B) almost twice as slow as C) approximately equal to D) more than twice as fast as
In 2012, the European Central Bank bought the debt of which nation?
A) the United States B) France C) Spain D) Germany
Supplier power tends to be low when
a. The supplier provides non-critical inputs b. The supplier provides homogenous inputs c. Both A&B d. None of the above
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. higher; potential B. lower; higher C. lower; potential D. higher; higher